Tagged: russia

February 28, 2022 @ 9:25 am By Omar Faridi  |  

Binance, a leading crypto and blockchain infrastructure provider, has committed $10 million minimum to “help the humanitarian crisis in Ukraine” via its Binance Charity Foundation. As mentioned in the update, the donation will be “split between major intergovernmental organizations and nonprofit organizations already on the… Read More

February 27, 2022 @ 4:43 pm By JD Alois  |  

While the humanitarian crisis grows in Ukraine and Russia’s unprovoked war rages on, the European Union (EU) announced that selected Russian banks have been removed from the SWIFT messaging system. While the names of the bank were not immediately available, any on the list will… Read More

February 27, 2022 @ 1:05 pm By Omar Faridi  |  

Bitcoin (BTC) appears to be set to close a highly volatile week with a green candle — rebounding from a drop to around $34,000 after Russian forces “punctuated several weeks of tensions in the areas around Ukraine with what looks like a full-scale invasion,” the… Read More

February 26, 2022 @ 5:21 pm By Omar Faridi  |  

European lender Mintos notes that they will be monitoring RUB currency dynamics on a daily basis, “closing positions at the end of the working day to prevent the risk of negative exposure.” The team at Minto wrote in a blog post that based on the assessment… Read More

February 26, 2022 @ 5:02 pm By JD Alois  |  

The Society for Worldwide Interbank Financial Telecommunication or SWIFT, is in the news quite a bit as of late as discussions are ongoing as to whether Russia should be disconnected from the platform following its unprovoked invasion of Ukraine and ongoing war terrorizing the country…. Read More

February 26, 2022 @ 4:28 pm By Omar Faridi  |  

Digital asset manager Grayscale notes that the Russian invasion of Ukraine has impacted international markets, including crypto-assets, which have “historically shown correlations to risk assets.” As noted in a blog post by Grayscale, this relationship has “become even more pronounced in recent years as institutional… Read More

February 25, 2022 @ 8:20 am By Omar Faridi  |  

International markets are experiencing a massive increase in volatility with Russia’s invasion of Ukraine. The severe humanitarian crisis that could unfold over the next few days and weeks “could be the worst in Europe in decades, with loss of life and property, as well as… Read More

February 24, 2022 @ 3:49 pm By JD Alois  |  

Russia’s unprovoked attack on Ukraine has shocked the world. For weeks now, many have expected Russian forces to cross the border to occupy part or all of Ukraine while some thought threat of war was just posturing by Russian President Vladamir Putin. In recent hours… Read More

February 24, 2022 @ 11:12 am By JD Alois  |  

  As Russian President Vladimir Putin shocked the world with his horrific invasion of Ukraine, many nations enacted economic sanctions to punish the rogue country as Europe entered a state of war. Following Putin’s effective annexation of Donetsk and Luhansk (Donetsk and Luhansk People’s Republics… Read More

February 24, 2022 @ 8:28 am By Omar Faridi  |  

One positive development during the past year has been law enforcement’s “growing” ability to seize virtual currency from criminals, according to an extensive update from Chainalysis. The US Department of Justice (DOJ) seized $2.3 million in crypto from the DarkSide ransomware operators who were allegedly… Read More

February 8, 2022 @ 8:49 am By Omar Faridi  |  

The team at Mintos has published the latest edition of Mintos Insight, which is their monthly publication that offers an overview of what’s been going on (on their platform), including commentary from their experts, recent investor activity, educational topics, and other updates. Key insights from… Read More

February 6, 2022 @ 5:41 pm By Omar Faridi  |  

Sber has reportedly marketed money transfers to Alipay wallets in mainland China by using phone numbers. In order to make a remittance payment, users simply need to indicate the phone number and full name of the intended recipient via SberBank Online, and the funds will… Read More

February 2, 2022 @ 3:19 pm By Omar Faridi  |  

The team at ComplyAdvantage has released their new report, titled The State of Financial Crime 2022. ComplyAdvantage’s outlook for 2022: From supply chains in crisis to “high-wire” geopolitical standoffs and the implementation of updated regulatory frameworks, it’s going to be “a landmark year for compliance… Read More

February 1, 2022 @ 2:00 am By JD Alois  |  

Cypress-based KoronaPay, a money transfer service operating across Europe and the CIS region, has banned all crypto-related transactions including cryptocurrency trading, according to a statement from the company. KoronaPay states that it halted crypto following reports that the Central Bank of Russia has started to… Read More

January 5, 2022 @ 3:15 am By Omar Faridi  |  

AS Mintos Marketplace (Mintos) has shared an update from Lime Zaim, a cooperation partner of Mintos that provides investment opportunities via Mintos.com. On 22 December 2021, Lime Zaim reportedly placed its debut bonds on the Moscow Exchange (MOEX) in the “amount of 300 million rubles.”… Read More

December 13, 2021 @ 11:27 pm By Omar Faridi  |  

Tinkoff’s Centre for AI technologies has introduced ETNA – which is reportedly the first service in the Russian markets that assists with analyzing and predicting a set of data-driven processes, ranging from precipitation levels in upcoming winter months to a firm’s recruitment requirements. ETNA is… Read More

December 13, 2021 @ 11:07 pm By Omar Faridi  |  

The QR-code scanning tech created by Smart Engines has been introduced into Raiffeisen Online Russia. The solution enhanced the overall quality of QR codes and barcode scanning for payments operations made via a mobile app. As noted in the announcement, high-scanning precision is ensured for… Read More

December 3, 2021 @ 11:09 am By JD Alois  |  

Tinkoff has been named Bank of the Year in Russia at the Bank of the Year Awards 2021, according to a statement distributed by the bank. The  recognition was delivered by The Banker, a publication that is part of the Financial Times Group. Tinkoff says… Read More

November 28, 2021 @ 9:58 pm By Omar Faridi  |  

Russia’s digital banking platform, Tinkoff, has reportedly acquired a controlling stake (51%) in Just Look, the business entity behind Jump.Finance, a Fintech firm that automates interactions with freelancers, including making payments. The transaction was carried out on behalf of Tinkoff Business, the division of the… Read More

October 22, 2021 @ 6:34 pm By JD Alois  |  

Tinkoff Capital Management Company, part of the TCS Group Holding PLC which is listed on the London Stock Exchange and on the Moscow Exchange, has received a professional securities management operator license, according to the company. Tinkoff states that in 2022 it plans to launch a… Read More